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Frederic W

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Frederic W.Taylor is credited with providing the foundation for quantitative methodology in the early part of the 20th century.


Definitions:

Defective parts

Components or units that fail to meet the quality standards or specifications.

Sample size

The number of observations or data points collected from a population for a study.

Confidence interval

A set of values obtained from sample data which probably encompasses the value of an unspecified population parameter.

Average hourly income

The mean income earned by an individual per hour of work.

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